The European Union decided to impose 25% counter -tariff on the US: The way US President Donald Trump has started the tariff war, there has been a stir all over the world. But there are some countries in the world which have prepared a plan to challenge Trump in Trump’s style. China has shown a mirror to the US in this matter and now the group of 27 countries, ie the European Union, is also gearing up to take Trump’s hand. According to news agency Reuters, the European Union on Monday proposed to impose 25 percent retaliation on some American goods. The agency, citing documents, said that tariffs on some goods will be effective from May 16.

Which items will be subject to tariffs from this year,
While some other items will also be subject to tariffs. It includes many things like diamonds, eggs, dental floss, chicken etc. There are reports that some items have been removed from this list after complaints from member countries. The tariff on almonds and soybeans will begin from December. European Union’s trade head Maros Sephakovic said on Monday that the impact of counter duty would be lower than the 26 billion euros ($ 28.45 billion). Borbon, wine and dairy products have been removed from the preliminary list prepared in March.

Before Trump’s threat,
The European Union had planned to impose 50% tariff on the borbon. Trump then threatened to impose 200% tariff on the European Union liquor. France and Italy were particularly concerned with this danger. Because their liquor industry is very large. In addition, the European Union tightened the security rules on steel from 1 April. This led to a decrease of 15% in imports. The European Union is now considering the import quota of aluminum. The European Union member countries will vote on this proposal on 9 April.

Start of trade war?
The move is part of Trump’s strategy against steel and aluminum tariffs. People consider it a new link of trade war. Some people are saying on social media, ‘America started it, now Europe is answering.’ So some people jokingly say, ‘I did not even leave dental floss.’ Now it remains to be seen what happens next. But now the tariff war from both sides has intensified.

The post against Donald Trump, 27 countries united and imposed 25% repayment tariff, threatened new ‘war’ first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.

Rahul Dev

Cricket Jounralist at Newsdesk

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